MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys Shares of 22,132 Ball Co. (NYSE:BALL)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Ball Co. (NYSE:BALL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 22,132 shares of the company's stock, valued at approximately $1,152,000.

Other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Ball during the 1st quarter worth $117,000. Wealth Enhancement Advisory Services LLC increased its stake in Ball by 19.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,481 shares of the company's stock worth $1,171,000 after acquiring an additional 3,676 shares during the last quarter. Everhart Financial Group Inc. acquired a new stake in Ball during the first quarter worth about $207,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Ball in the 1st quarter worth about $16,713,000. Finally, Fifth Third Bancorp lifted its stake in shares of Ball by 5.7% in the 1st quarter. Fifth Third Bancorp now owns 8,467 shares of the company's stock valued at $441,000 after purchasing an additional 457 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Ball Stock Up 3.0%

Shares of BALL stock traded up $1.61 during mid-day trading on Monday, reaching $55.98. 2,311,108 shares of the company were exchanged, compared to its average volume of 2,695,074. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.69 and a current ratio of 1.00. The business's 50 day simple moving average is $51.41 and its 200 day simple moving average is $52.81. The company has a market capitalization of $15.53 billion, a P/E ratio of 4.42, a P/E/G ratio of 1.24 and a beta of 1.08. Ball Co. has a fifty-two week low of $43.51 and a fifty-two week high of $68.12.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.91 billion. Ball had a net margin of 33.98% and a return on equity of 16.17%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.68 EPS. Research analysts predict that Ball Co. will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.43%. The ex-dividend date is Monday, June 2nd. Ball's payout ratio is currently 47.62%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BALL. UBS Group reduced their price target on shares of Ball from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Wells Fargo & Company lifted their target price on shares of Ball from $44.00 to $50.00 and gave the company an "underweight" rating in a report on Wednesday, May 7th. Loop Capital lowered their price target on Ball from $83.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Royal Bank of Canada raised their price objective on Ball from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Mizuho lowered their target price on Ball from $63.00 to $58.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Ball has an average rating of "Moderate Buy" and a consensus target price of $61.00.

Ball Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.